Trading Made Simple BigE (Eric)'s posts

Transcription

1 Trading Made Simple BigE (Eric)'s posts I wanted a method that was simple, worked on all timeframes, simple rules, few indicators... that when looking at my simple chart it just shouted out what I needed to do and developed a method that is 70-80%+ wins for me on a regular basis. It took over 2 years to develop this method. I worked hard... late nights and weekends to. I was so hungry for success. I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific... You ever woke in the morning popping on your puter and find you made 150 pips while you slept... guaranteed to put a smile on your face and a skip in your step. The key to this method is the Traders Dynamic Index indicator for entries and exits. I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else. We only use Heiken Ashi candles... that's important. Start trading a Demo account until you build your confidence and only then consider switching to a live account... Disregard template posted below and see updates... Read the complete thread BEFORE ASKING QUESTIONS... YOU WON'T BE SORRY See post #25 on page 2 for indicators... Latest update: PAGE 11, Post # thanks Cliff Another update by Numb3rs - 4/29 - Pg 48, post 713 UPDATE: See post #25 See post 14 & 15 for TDI & HA (APB) candles.

2 1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle... Entries and exits... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal. If you add other things it will influence your decisions... usually to your detriment. Don't try to complicate it thinking it can't be this easy. Important to study TDI entries on old charts, any time frame... Give yourself a chance and trade it like it's laid out... prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that time and go back to sleep... There are

3 enough set ups in a normal week to make pips... Stress is zero... If I do any day trading I'll use 1hr charts at news time. Any method and any timeframes are difficult and fast on the 5-15 min charts. That's where most traders get taken to the slaughter and the dealers know it which puts the odds in their favor... I hate to monitor charts anyway. Even if I scalp the market I use 4hr charts with success... 4hr charts have less noise, less head fakes, less influence by any news. Just has a lot of benefits... The key to building confidence is to study old charts... look at the TDI moves and how it looks on PA so every time you see that same set up you will know your odds for success are high Rille... I would have entered one candle earlier. HA candles average a 3-8 candle run in most cases when it reverses... That's why I want to enter on candle 1 or 2 if I see a set up. A single candle on the 4hr nets you pips or more generally. If it goes 3-4 candles you've already made pips. When using Japanese candles you see up down up down and your stressed to the max during your trade... It's more calming to trade HA candles. 51 Dean trades a similar method but it's very conservative... to slow for me and I had to pass on a lot of pips using his rules and he trades 15 min charts which I don't like... If you want the Original TDI Indicator and HA candle indicator (Average Price Bars) go to the site above. They are free downloads. You can remove what you want... Dean invented the TDI... and I removed all the extra lines to make it easy to look at and trade... same thing with his Synergy charts... I kept eliminating all the extras until we got down to what I trade now... no fluff. His charts and TDI are too busy for me... I like simplicity... He doesn't use the TDI the same way I do either... Which direction to trade the TDI... Is it going up (long) or coming down (short)... that's the direction to trade. I hate S/l trading. The safest way is to place your S/L at the last hi or low a couple of candles back... I've never had one taken out that way...

4 54 A set up is NOT GREEN TOUCHING RED. Why? Many times green bounces back and the original direction continues. That's a bounce trade. Wait for green to CROSS RED and open your trade at the beginning of the new candle... usually candle 1 or 2. Catch the momentum I'd say pick the charts you like to trade and understand their movements... breathing patterns... I always like to have the E/U, G/U and A/U side by side on top plus one more chart. Those three charts tend to move together in the same direction. So if I see a set up on one I usually find a set up on one or both on the other pairs. I've made a lot of pips trading all three at the same time. I usually include 2-3 Japanese charts... a Usd/Cad chart. Always end up with 8 charts on one page. Dean trades these on top...e/u, g/u e/j, a/u left to right and these below... left to right... u/chf, u/j, g/j, u/cad. Setting them up that way generally means the top chart is moving in one direction and the one directly below moves in the opposite direction snarlyjack Eelfranz, Checking in... I would like to say to other traders that I have been trading this method for a couple of months now and have never made so much money. The most I've personally made is $ trading 1 mini contract on the 4 hour chart in one session. However many many days I've made over $ a day trading 1 mini contract. ($1.00 per pip=over 100 pips). Before I was struggling with the 1, 5, 15 minute charts and I was lucky if I made $20.00 to $30.00 a day. So from my perspective the 5 method that Eelfranz teaches is a money maker. We started with Craig Harris method of trading and it evolved to the 5 method of trading. The 5 method of trading in my opinion is much smoother and more profitable than Craig Harris method. We as a group convinced Eelfranz to move our old thread in the commercial area to this area because we felt it would help more people. We are traders helping fellow traders to make money and be successful at forex. We have no axe to grind and only wish everyone much success.

5 Thanks snarlyjack Eelfranz, THIS HISTORY SHOULD BE PLACED ON PAGE #1. Here is a brief history of the "Trading made simple by Eelfranz". When I first met Eelfranz we were studying the system "The Stochastics Secrets by Red Trader". We were evaluating all the possible ways of trading using Stochastics. Which led to Craig Harris method of different possible ways of using the Stochastics. Basically stochastics using a 15 minute chart with support and resistance. Which led us to Synergy System with Dean Malone And the finding of the TDI (Traders Dynamic Index) as the main indicator not the stochastics. Using the stochastic as a secondary indicator. Also using 1 hour, 4 hour daily charts. Which was new to me because I was using the 5 minute and 15 minute charts. Which led to the 5 system (Eelfranz) which is the Trading Made Simple System on the main Forex Factory System Section. Which is using the TDI indicator as the main indicator not stochastics with the Ema 5 (typical) shift +3. So in my mind to today (2 1/2 years in the making) all in the search of greater profits with a simple system that is easy to understand. We are here sharing with our fellow traders at Forex Factory what we have come up with to be more successful. If anyone in the future... is interested they can go to the search function and search our posts starting with Red Trader and the secrets of stochastics. In my mind this system has been a long time in the making with hundreds of posts. We felt that it would be easier for everyone to start a new heading on page 1 without having to go through hundreds of old posts starting Also I would like to thank Eelfranz for this wonderful learning journey 2 1/2 years and counting. Someone told me "how long is that string that your pulling on at forex factory in the learning process". For me it's been 2 1/2 years and still going strong. I've always had the position of learn as much as you can because the economy is falling apart and this just might be your next fulltime job so you better learn. Also forex factory members have been great. Traders learning from traders free...what could be better... So once again a big Thank You to everyone and now you know!!! snarlyjack

6 Here is a training chart... yes, yes, yes there are many trades on it but look at the TDI Blue boxes. A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side) A bounce trade is when green gets close to red but bounces away and the original trade continues are good entries generally. I always look to the left for a possible res/sup level being near. If it's close I pass on the trade and go find another...

7 Training Chart... Every red vertical line denotes a proper trade set up on the TDI... There is 16 total. Well it looks like one or two MIGHT have been a small loser... oh my gosh... so using this method on a current chart... what does that make your winning percentage? If you decide to trade this Simple Method I recommend you go to your local hardware store and buy a wheelbarrow to carry your pips to the bank. I got mine gold plated... what colour is yours SnarlyJ? Every time I enter a trade I Expect To Win... right from the get go. If I'm not sure because of what I'm seeing I'll pass and find another set up... therefore the wheel barrow is required equipment to trade this simple method... I generally quit trading at 6am Pacific (9am est). Why? The market might cook some for the next hour or two but unless there is a hot news announcement during the day... the market pretty much peters out and ranges... I don't want to be trading in that junk. That s where dealers make most of your money is ranging markets and 5-15 min time frame trading... you got to quit trading those trash time frames. Granted there are 2 out of 100 who can Kick bootie there but chances are your in the 98% who can't. I hear it over and over traders complaining that they have 2-3 years experience but can't keep their head above water... always losing or just breaking even... or worse... You can't get different results if you keep doing the same thing over and over... just ain't gonna happen anytime soon...

8 Years ago I traded stocks but later switched to fx. I started using higher timeframes moving up from 5 to 15 to 30 to 1hr and I was seeing benefits every time I went higher. Kept working on the TDI honing it to the maximum simplicity possible and moving up to 4hr charts and trading at my bed time... wow what a difference in pips earned... stress free as I slept... On this method the TDI is King. All trades are signalled by it as well as exits... does that keep it simple. Only red and green lines (double thickness) and remove the others... cut out any possible confusion... make it simple for YOU! Post 118 just above... Note the last 20 candles (PA) are pretty flat with some movement. You took the trade close to the TDI 32 line which is about the bottom. However I've seen trades taken short on the 32 line go 100 pips profit... Just be aware how close you are to the 68 & 32 line and pay close attention Also pay attention to the left on the TDI for tops and bottoms... there pretty accurate for reversals... It may be OK but I would have passed looking for another chart set up... I only pick the best chart set ups to trade... there are plenty and no itchy finger here to jump in... just pick the most solid looking set ups... it 'll make you lots of pips. Just my 3 cents...

9 Exits... Looking at your TDI... if you see: 1. TDI go flat 2. TDI start to hook over 3. TDI do a check mark reversal EXIT... I marked exit areas on the TDI on this chart:

10 TDI flat EXIT signals: Check mark EXITS on the TDI. From these 3 charts you can see what to look for on EXITS via the TDI... very simple again.

11 Entries... Doesn't matter the time frames... the set ups are all the same... This is so simple to spot most can trade this easy system and make lots of pips... a member recently took 3 evening trades and woke to 250 pips profit... you can too... The question was concerning why not enter on candle # 3. In this example the TDI indicates taking the trade on candle # 1. Had you entered on candle # 3 you would have been two candles late for the CORRECT ENTRY. Because a reversal normall runs 3-8 candles we were fortunate it has run so many candles... The idea about entering on candle 1 or 2 if you get the TDI signal is if it only goes 3 candles you should get on average at least some profit... especially on higher time frames.

12 Unless you mastered this method already... keep the questions or concerns coming. Post your Demo trades too. Continue making Demo trades to build your confidence and study old charts where the TDI gives clean signals... it will pay you in spades... well, pips in our case... Current Training charts...

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15 snarlyjack Guys and Gals, I'm to the point that I don't use the stochastics that much anymore and just rely on the TDI indicator. The stochastics cycles differently than the TDI and I trust the TDI more. (but that's just me)... Also I work at night. Before I go to work I'll set my trades (2 four hour bars). I work from 10:00 P.M. to 6:00 A.M. mountain standard time which is about 4 hours before the London open. I'll set a $ hard stop (just in case) and go to work. I can't check my charts until I get home again 8 hours later. For the most part 80% of the time I'll be in profit when I get home. After I'am home and check out the charts I make my decision to stay with the trade or liquidate the trade. This way of trading has been very profitable for me. Hope this might help someone! snarlyjack Thunderwolf, The settings I use are: 5 EMA shift +3 typical price (hlc/3) Between the Ema and the TDI on the 4 hour chart in my opinion this system is nailing it. When using this system on the lower charts (1, 5m, 15m in my opinion it's not nailing it as much). Using the 1h, 4h, and daily it seems to be very accurate. I've learned a whole new way of trading! Who would have known... Hope this helps. snarlyjack Stimuls, I'll try to help answer your question on what I think. As you know every broker has their own forming of the time bars. I use IBFX and not FXDD which I think starts their day (bars) at a different time. So what I do is... When I see a good trade using the TDI I take the trade and let her fly. When I come home from work and I'am up $75.00 for example I'll liquidate the trade. Everyone is different because of our time limits with our lives. Sometime I'll liquidate the trade on how much money I'am up. I also want to protect my profits and not lose them. As in 1 bird in the hand is worth more than two birds in the bush. So every trade is different depending on how much money is involved and the look of the TDI. Hope this helps you. snarlyjack

16 Hey Guys and Gals, One other thing I do that might help someone is... I only look at the 4 hour chart. When I make my trade decisions to open a trade or close a trade I only look at the chart I'am trading, in my case the 4 hour chart. I've tried very hard to simplify my trading. Clean chart! Just 2 indicators, the TDI and 5 Ema +3 Typical price. 4 hour chart!!! Nothing else. Don't over think this! Just trade what you see! Focus on just the 4 hour chart with the 2 indicators. Relax and let everything else go, it's not needed using this simple system. Oh sorry, average price bars also. 3 indicators! TDI, ema, average price bars, that it... Keep it simple, Keep it real... snarlyjack Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way... The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good. HA Candles are important because it makes your trading way less stressful... use them. Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade. 5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free. HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain! Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...

17 TDI... Ask me specific questions with chart examples... mark your chart up. Don't be vague... get specific... I don't have the ability to know what your thinking. The 32,50 & 68 lines are original. When you get to 68 start looking for a reversal sign on the TDI... However it could still be pips away ocasionally... just pay attention to the green line for a possible exit signal... the 32 line is the opposite. When I check my charts... I look to the TDI... then PA. If I'm not feeling strong about a current in progress trade... get out then and keep the pips... you don't have to wait for the next candle to exit. Grab your money and run to a new trade... A lot of the problems are people trading 5min-1hr charts... your setting yourself up for failure in most cases... I use to trade the first 2 hours of the NY Session on the 15min charts. Since I no longer trade 15min charts I shut down at 6am my time (9am NY). At about 8am my time (pacific) the market starts to range normally... it's self destruct to trade ranging markets.. If I did trade the first couple of hours I'd scalp it on a 4hr chart if I get a set up... If the TDI straight green line tweeks it's angle... pay close attention... check everything... it's warning you something has changed or is about to... TDI Tweeks... It doesn't mean you have to exit the trade... it's a heads up so pay attention...

18 2scoops... When I see a tweek... I look for: 1. Are the candles getting smaller 2. Are the wicks starting to pull back more 3. Are we getting close to a supp/res level. 4. Is my green TDI line getting close to previous highs or lows on my TDI. Those kind of things... being observant... Come on scoops old buddy.. I check on any time frame I'm trading... and at night when nature calls I pop on the puter and take a quick look... Scoops thanks for asking the question... For you newer folks... Trading the London Session is the best in my opiniion... lots of movement. Unfortunately it starts late at night in the United States. That's a major reason you want to learn trading the 4 hour or Daily charts using this method. If your serious you'll use an alarm at the next 4hr candle that appears. It will only take 10 min. to check for trades you need to close or open. At first I thought "what a pain in the keester" however it turned out to be no big deal and the pips piled in! I thought... what a fabulous discovery... Look at your London Session old trades and check out the TDI trade signals on your 4hr and Daily charts... your jaws will drop open when you realize what a gold mine is during that time. Practice Demo trades to build confidence in the method... it's money in the bank Here is a daily chart... entries marked with vertical lines... It's easy on this timeframe too...

19 The chart above... I was hoping to go thru the trades however when your posting you can't see the chart... duh! Anway... congrats on the charts above mine on the Daily charts and you were raking in the pips too I see... Quit making excuses.. if it was any simpler there wouldn't be a method... it's bare bones now. Simple rules, easy TDI entries and exits... fine tune it to your understanding... don't add anything... don't complicate it. Many traders on the old thread said once they quit trying to improve it or making it more complicated... their pip take exploded. Hey Kumo.. keep your shorts on buddy... Just for me personally... I trade with FXDD and it's daily update is at 2pm my time... almost always the market is flat and really doesn't pick up for another 8-10 hours... and I kill my trades at about 6am my time Pacific because the market is getting ready to range again. I really don't want to be in the market at dead times... after all it's my money on the line... I can appreciate the fact you don't want to get up but it's a difference of trading style and preference... nothing more. I'll have my butler unlock the Daily charts so anyone can trade them. Didn't realize I had a gun to your head... sorry buddy. I'm just explaining how I do it and why... nothing more. I fill my wheel barrow often with pips and that's what counts to me... Just trying to help other traders succeed... Fun... You hit the nail on the head with your comment. Most new traders are terrified to think about trading 4hr & Daily charts. I know I was many years ago... but I didn't have a plan on how to successfully attack it either. We are bring that info to our readers.. Stop trading lower time frames if you really want to make money. When I finally got sick and tired of making $1 a pip I switched to 4hr charts and trading full lots. I've spent a lot of money and thousands of hours studying and it was about time I got paid for

20 it... and I do using our method. I don't worry about PA crossing the 5 ema. I totally depend on the TDI for my entry signals... Always entering when green crosses red and only on candle 1 or two depending what the TDI shows... otherwise I pass and look for another set up... When you enter a trade using the TDI.. watch PA as it archs back and forth to the yellow 5ema line... If it's arching back to the yellow line... don't panic and just jump out.. IF PA looks strong around the 5ema line... stay in the trade until the TDI tells you different (exit rules)... Give your trades some latitude to breathe... use your brain... does PA still look good? No small candles forming? Flow with your trades... Demo until you build confidence... study old charts... BomBom, I'am on my way to work right now but I'll try to give you a quick answer. If you use the stochastic use But use it for direction only. We have found that using this system once you go into overbought or oversold levels it's not all that accurate. So once you determine the direction of the stochastic (secondary indicator only) then convert to the TDI indicator 100%. Hope this short answer helps you... snarlyjack Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum... I love taking short trades off the 68 line or just below and long trades long off the 32 line area... made tons of pips when that opportunity presents itself...

21 Training Chart... Current E/U Note the green line has tweeked to the right twice... We are way above the TDI 68 Line... Will be turning soon. Keep an eye on it... Training Chart... Remember what I said about the Three Amigos - E/U, G/U, A/U Looks almost like the E/U above... Shows one regular entry, a re-entry... Way above the 68 line on the TDI...

22 Training Chart... Here is the A/U... looks similar to the other two... two entry points, way above the TDI 68 line... getting ready to turn like the first two charts... All three should turn in the next 4-8 hours... Training Chart USD/CHF - Heading down... opposite of E/U. Looks like an entry on the 4hr chart... almost to the 32 line so pay attention...

23 Training Char Going south (short). Even though it's candle #3 it looks strong for a trade entry... USD/JPY 4hr. Training Chart US/Cad 4hr.. no trade here... Candle 4 is pulling back, TDI has tweeked... reversal coming...

24 Training Chart GBP/JPY 4hr... Strong trade set up right now... Training Chart EUR/JPY 4hr... looks strong... missed best entry (candle 1 or 2)... you decide... sorry it's a daily chart...

25 Training Chart,,. EUR/JPY 4hr... going short but green hasn't crossed red yet... you choose... Stoch confirms I read your post and it interested me and if you don't mind I'd like to make some suggestions to you. If I were you I would put the 3 indicators on your charts and nothing else! 1). TDI 2). 5 EMA +3 shift typical 3). Average price bars Make your chart look exactly like Eelfranz nothing more. Secondly I would forget what you think you know about forex and learn to trade exactly like Eelfranz teaches. Keep it real simple. Don't over think this or over analyze this. Use 4 hour charts. Put your 8 charts on your screen, eur/usd etc. Take your buys and sells off of the TDI indicator and get a feel for the indicator. Learn to trust it as it is your new best friend! Don't get confused with 50 different systems or ideas. Forget all that B.S. like it was a bad dream. And learn to love the TDI. Hope these suggestions help you. snarlyjack

26 Lets build this so we can help as many traders as possible because they all have money and time invested and they need to make money for their efforts. Starting out you should be 60-65% successful. Within 1 to two months you should be 70-80% successful.. IF... you follow the simple rules and simple exits months... 85% successful. Don't complicate it... keep it simple. Buy your wheel barrow.. I never knownly take a draw back of pips even on the 4hr. I generally exit at pips to keep my profit and I'll re-enter when it turns back. If it happens when I'M SLEEPING... SO WHAT... I never know about it... S/L at last HH or LL. It turns out in my favor most of the time. I lose about 2 trades out of trades. I can live with that. I choose my trades carefully making sure they meet the entry rules spot on... and pass on the iffy ones and go hunt other charts. Even people trading Silver with our method are winning big time. It's simple and straight forward so let's keep it that way please. I want you to win big time.. This hasn't crosses yet (TDI) but it will soon unless we get a bounce down on the red line...

27 This one... well, Red is turning over at this moment... green above 68 line (TDI) I think it will drop soon... wait for a set up.. G/U 4hr... Nothing impressive.. TDI Green is flat so no go right now.. keep an eye on it...

28 A/U 4hr... Interesting Chart... We are in consolidation (PA), TDI looks strong but no set up yet... We are above the 68 line too... Another one of the Three Amigos... watch them all... U/CHF 4hr... Dead in the water.. PA & TDI flat...

29 U/JPY 4hr... Dead in the water... PA & TDI flat... U/CAD 4hr - dead too.. Small candles on PA and TDI flat... These charts show why I don't like to day trade... this is common... As I've stated may times here... When green crosses red I'm ready to enter the trade... yellow line has nothing to do with entries. Enter on candle 1 or 2 only... after that look for another pair/trade.

30 I'm not looking for 15 pips profit... more like 150! The money I put into my last trading account ($10,000) I don't even think about it. It's like the money you take to Las Vegas. You hope to win but don't often... Your taking money for entertainment and relaxation... So I don't give it a second thought... It's entertainment money as I said... Besides It always grows larger... I REMEMBER THE DAYS WRINGING OUT MY HANDS FOR MY $500 ACCOUNT... THE SKIES FALLING! Help, help, help. If I enter a trade lets say and I'm monitoring the trade and its up 50 pips but suddenly it pulls back pips I just exit. I'll keep the profit at $10 a pip... no big deal. If it turns and continues (bounce) I'll just jump back in... Don't get so rigid... Evidently I missed something while looking at the set up and it's cut me short... there are always set ups on different timeframes... different pairs. I'll study the trade I jumped out of for the answer so I don't make the same mistake again hopefully.. If your worried about the money in your account how are you going to pull the trigger with confidence? They tell you from the get go the money in your account shouldn't be money you need... otherwise don't trade... Learning the fx market is like going to school. It costs to go to school and your pip money for trades is what you use to learn. When you have a reliable method and confidence... the market starts to pay you for your education expenses... profit. The only reason I deposited that amount is because I trade full lots and some trades have 2-4 lots on a trade... or I'll add additional lots as the trade is in progress.. no big deal... I'm in this because it's fun, keeps my mind active and I'm good at it. Pretty cut and dried... I switched over to normal candles AND saw the pin on the G/U Daily. Unfortunately it's still climbing and the TDI & Stochs are flat... worth watching but not ready to trade yet. When checking out the TDI for a possible trade: Think of a wall clock here and it's arms... you want to see the green line for a long trade at the 12-2 angle for best results and a short trade at a 4-6 angle... This is basic 4x stuff... Don't try to read things into the TDI just so you can get into a trade... If the green line looks like it's at a 2-4 angle... it's weak. Pass on it. This holds true for PA too for best results...

31 Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average... With bounce trades the odds are lower for your success... but it still works. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small... Look at the candles on the last reversal... big, little, what How does the momentum look right now (12-2, 4-6) Does Stoch's confirm the TDI signal Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it... If you don't already know these things... don't trade live yet... is a good place to learn about the basics of trading 4X. Trend... long term and short term... I take a chart and make the candles as small as they will go to find the direction of the long term trend... Then I enlarge them to my normal trading size for the current short term trend... If they are the same I feel I have better odds on my side... if they are opposite I may trade less lots per trade... I will pay more attention to the last swing (candle size & length)... That kind of stuff...

32 Training Chart - Example of a bounce trade - E/U Monthly chart Training Chart - Example of a bounce - E/U Weekly..

33 Training Chart - example only Look at the last short... The first red candle doesn't count... it's a nothin'... barely a speck... On my FXDD Charts the second candle is the entry candle barely... The TDI is at a 4 o'clock angle...on the next candle the TDI green line drops to a 5 o'clock angle... TDI looks good with Stochs confirming... Flashing light, flashing light... look at the wick pullback on the big candle!!!!! wow... I'm expecting a short lived trade... next candle is at the bottom of the TDI check mark with another candle pullback... time to exit... last two candle bottoms are about the same... exit, exit, exit! Look to the left (2 blue boxes) that's what is stopping the downward movement... and the last candle starts up. Take time to learn to read your candles and what their trying to shout at you as well as your TDI signals... This is all BASIC FX things you need to know and recgonize... Cabinfever (693)... TDI is not looking all that hot either... When you see small candles like that... look for another pair... don't play with fire... Oyapoke... (704) At one time I used the 5ema in a different way. Back then if a candle closed across the 5ema it was the set up candle. I would enter the trade at the beginning of the next candle if it was the same color... and that still works... this is more conservative... I am more aggressive now and noticed I was giving up some pips doing it that way so I changed to using the TDI candle #1 or 2 for entries.

34 I left it on my chart because I like to see how PA interacts with the 5ema line during the trade. Gives me a better feel for what's going on... that's mainly the reason... Remember the TDI is the heart of all entry/exit moves... I mostly just read my chart/tdi and what's it telling me but that only comes from experience... hope this helps... Training Chart... Entries The timeframe is 15min... I think there ar 21 trades here...all winners (?)... Well if you were trading on a 15min and not paying close attention you would probably have a few losses... However if this was a 1hr/4hr chart even 1 candle produces many pips and gives you time to get out if necessary... with profit in hand... see the difference? Note the blue boxes on the chart... burn that into your mind... these are crap areas to enter any trade... when you see this go to another pair to find a clean entry/trade... Don't enter trades where there are small candles... wait for it to open up...or find another pair... More 4x BASICS... If you see the 5ema or green flat on the TDI there is little or no momentum...

35 Hey buddy... I've looked this trade over a dozen times from all angles... my eyeballs are spinnin' like the Bingo Tumbler that's got the balls in it... Do you agree if you moved your verticle line one candle back you would have a proper TDI entry??? Long??? Blue candle... green crosses red??? It looks that way to me on the chart...knowing that I would have taken the TDI signal and entered there. Where the verticle line is we have a red candle... TDI isn't telling me anything but the candles do. When I saw that candle was red (#1) and saw it pulling back (#2)... I would have exited to keep my profits. The 5ema is flat too... You have to be aware of what PA is telling you as well as the TDI... If you smell a skunk... run... There is not a new TDI signal until the next longs come along... I'll try to give you some good advice... I believe you are talking about where your green arrow is located? Remember that trading is both a science (mechanical) and an art. There is no 100% mechanical system. No holy grail. We can get close but not 100%. Maybe 70% if were lucky. This is why you have to develop a feel for the market and the TDI indicator. However, that being said if you look at the 5 Ema shift +2/3 you'll see that it is slanting down hard. When I first looked at your green arrow and the TDI and the 5 EMA I took pause. Part of the conditions were their but not all of them. If a person took that trade they probably lost money! Things happen to good people! You need to learn the mechanical side of trading plus the art of trading. Learn to connect with

36 your inner intuitive trader inside your head and stomach!!! That's really the holy grail... snarlyjack Anyway friend... BE CAREFUL... Your up near the 68 line as well as PA is pretty close to the last swing high... Speaking of wall hangers... here is a training chart... same as the other except it's TDI Exits only... Moving Average on the chart - Mine is 5, shift 3, exponential, Typical... Dean... Your questions: I've answered all these questions several times. Next time YOU run them all down and put them in one post like below... thanks... When assessing an entry, do you simply take that entry based on the TDI and nothing more?? as in I guess these would be technical entries...do you not take fundamentals/news/announcements into account?? I look at everything... last hi/lo, last reversal strength, candle size, Is Stitch's confirming, Is it candle 1 or 2... everything... TDI gives me the signal.. it's my job to check out the rest... Checking for and entering trades is done only at the opening of each candle correct?? Yes... or can I enter a trade say 1 or 2 hours after a candle has opened if the TDI red and green begin to separate?? On a 4hr candle... if there is a pullback it generally starts between hour 3... and 4...so you have lost most of the

37 momentum on that candle when entering late...beware... I am still not quite sure of the process?? Do I ignore everything until my 4 hour candle opens and then assess according to my TDI?? or can I enter at anytime if my TDI red and greens are crossed?? See above... I guess what I am asking is...if I happen to glance through the charts and see the red and green have crossed, do I jump in??? Check your charts when the new 4hr candles just appear... check the normal basic fx stuff like above... and if it's a good TDI signal... enter. I am trying to understand the relevance of assessing at the opening of a new candle. So when you say only enter on the 1st or 2nd candle, do you mean the 1st or 2nd after the new 4 hour candle?? or do you mean 1st or 2nd candle after the tdi has crossed?? If you get a good TDI signal then look at the candles... is it candle 1 or 2... OK... take the trade or if it's candle 3 pass on it and find another set up... OzzieDave... (758) Looking at the chart... I don't trade small candles. The first possible candle I see to enter on is verticle line #3... however the Green TDI line is pointed at a 3:30 to a very weak 4 o'clock angle which would keep me out personally. Verticle line #4 is a solid TDI entry... just my personal analysis... Oyapoke (759)... On post 353 there are 4 red candles... and I marked an entry... I was wrong. The signal came after the first 2 candles where we want to enter a trade. My fault... If the TDI signal isn't on the first 2 candles... pass on the trade and find another... thanks. Oitbbitw... Gosh... I wish all these names were simple like... Ted, Jed, Fred, hot dog... well, you get the point... I depend on the TDI for signals... then as I posted I look for the BASIC things a fx trader should look for before entering a trade. News... hummm... It can have a big effect on the 5/15/30 minute charts and 1 hour too at certain times. While trading the 4hr charts I don't pay much attention to it UNLESS IT'S a MAJOR news release... If it's major (red on FF Calendar) I'll wait until after the news release and the market calms down...

38 Dean, What I do is trade 100% by the TDI. At one time I had a bunch of moving averages on my charts and would not trade against them but I felt like I was missing a bunch of trades and money. So I took all the moving averages off my charts. If you look at my charts they look exactly like Eelfranz and I trade with what the TDI is telling me. I try not to second guess the market. If the market is going up I go long, if the market is going down I short it. Hope this helps you... snarlyjack You guys are catching on, What this system is, is a combination of: 1). 4 hour chart. 2). TDI Indicator 3). H.A. candles 4). 5 EMA shift +2/3 Trading made simple!!! When I got away from the 1,5,15,minute charts and just went with the 4 hour chart with these indicators I started to really make money. I like it: it's simple, easy to remember, and very profitable. It's easy on the eyes and brain. I can look at it and within minutes I know what I'am going to do. Thanks Eelfranz for straightening out our trading and bad habits. snarlyjack Dean (836) - 1 hr during the day, 4hr at night,,, I trade both directions, However as an experienced trader I look for the BASIC things you should check... no matter the method and those things have been posted several times here... The TDI may signal a good trade set up but what is PA telling you,etc. That can kill a trade entry too. Post look at the last 2 shorts... they are trash so this new one might be too... I'd pass... When TDI goes flat you exit (889)... (895) stay in the trade if it's still positive making pips but if TDI goes flat, hooks over or check mark reversal... get out... (901) I prefer trading the London Session but If I see a good trade set upon the 1hr chart during the day I'll trade it... (930) When I talk about candle 1 or two it's the first two reversal candles... Kumodragon, For me I only look at 1 time frame and that is the 4 hour chart! I do not like trading multi time frames so I only trade the one chart. I could care less what the other times frames are showing. snarlyjack

39 Example Chart only... Example chart This is a good Bounce Trade off of candle #1. When the last trade is seperated by a blue candle or more... it's like starting over... looking for a set up trade off the new candle #1 or #2... even a bounce trade. Kumodragon, I like this way of trading for a couple of reasons. In my case I want to make money 16 hours a day. I work at nights (10:00 p.m. to 6:00 a.m. mountain standard time). I like being able to set my trades, go to work, come home and be $100. to $250. up. Very few losses. Makes me feel good between my salary at work plus another $ makes me smile. Also, I like being able to reset my trades after work and go to bed from a long night at work and wake up with another

40 $ while I'am sleeping. Very few losses. Makes me smile. I like making money and not having to watch and trade the charts all the time. The 5 & 15 minute charts were starting to be a hassle. They are a good way to learn how to trade, but a bad way to get serious money. I like this way much better, frees up a bunch of time... Hope this helps you. snarlyjack Wickedwin... If I'm in a bad trade losing pips I'll exit immediately. I can already re-enter when it looks better... heck with waiting for the next candle... my style... Kumodragon, Also, Eelfranz and I met in 2008 in the Secrets of Stochastics forum. In my mind we spent part of 2008, all of 2009, all of 2010 and so far all of 2011 (about 3 years) learning and refining this system as to what works and what doesn't work. This system has taken Eelfranz thousands of hours and hundreds of posts from other people to get it where it is today. After all this time I feel very comfortable with the system and the main indicator TDI. This system and the build up to this system has at least 400 pages in Forex Factory documented to it. It just isn't a system that Eelfranz dreamed up one night and said here you go. Hope this helps you... snarlyjack I can't believe there is still confusion here on What is candle 1 or two... If there was a reversal and it went 6 candles lets say... The first 2 candles are #1 & #2. If I don't get a signal to enter from the TDI on (candle 1 or 2... green crossing red).. I pass on the trade and find another.this is the rule. The only exception is if the green line bounces away from the red line I'd jump in because it's a bounce trade... Never enter when green is just touching red... why?... because it might bounce back instead of crossing the TDI Red... wait for the signal... as soon as you see the cross... enter right then... it's happens at the start of a new candle... Don't wait to enter on candle 3 or... later.

41 Stimuls, When I see green cross red it's a set up... but before taking the trade I look at PA, Hi/Lo, Res/Sup, Stoch's, etc, etc BASIC Forex things you need to check on any method or possible entry.. If it all looks good, I jump in... only takes 30 sec. to look at it all when your experienced. It's quick... At night when I enter a 4hr trade I go to bed and don't monitor the trade until the next 4hr candle appears. If it still looks good I let it continue and go back to sleep. If not I exit the trade and go back to sleep... I close all my trades at 6am... just my style. Then I only look at the 1 hr. chart during the day for set ups and trades... my style... That's what fits me... Trade it the way you feel safest on Demo. When you find what fits you... stick to it and build confidence... maybe tweeking it here or there to fit your style... make it yours... It was designed to be simple... Keep it simple and don't complicate it. TDI & Stitch's look good... HOWEVER YOUR IN A STRONG UPTREND AND YOUR LAST SHORT REVERSAL WAS ONLY 1 CANDLE AND THE ONE BEFORE THAT WAS ONLY 2 CANDLES... I would have waited for the long entry... My trade this morning at 7am... hour chart... 2 full lots... Candle 2 started pulling back so I Exited pips profit...

42 Oh man... what a trade... easy money... TDI starts at 5pm angle and tweeks to 5:45pm angle... who caught this? 2scoops, Goodmorning! You have to remember that eelfranz trades standard account, which is $10.00 per point. So a 15 point retracement is $ Eelfranz is also concerned with protecting his profits. Me on the other hand trade a mini account, which is $1.00 per point. So a 15 point retracement is $ I'am not nearly as concerned protecting $15.00 profits and am willing to let it thrash around alot more. When I say I made $ last night you have to keep in mind that Eelfranz made $ Also, keep in mind that I set my trades at night and then leave. I have no access to forex at work. So I set a $100. emergency stop loss and let her rip. I don't find out how I did entil the morning. What I do is count candles and play the probability game. 1,2,3 candles almost 100% in my favor. Candles 4,5,6, probability is much lower. Candles 7,8,9 probability is much, much lower of a successful trade. snarlyjack

43 Last nights trade... The usual... enter 10pm - exit 6am.. 2scoops, Instead of trying to hit a home run on each trade... Have you just considered setting your Take Profit to 30 or 50 pips and forget it... just an idea... Geraldfx... I don't usually trade the 4hr chart during the day.. I have the N.Y. and Asian charts at that time and PA isn't really smooth/easy during those hours... I live in Oregon... Pacific Time... and my broker updates my 4hr charts at PM, AM my time. So I check out any possible set ups starting at PM my time. If I find one I enter the trade... and go to bed. I check back at 2AM (takes 10 min.) and if it still looks good I let it keep going... If it looks bad I close the trade... and go back to sleep. At 6AM I wake and close all trades... Why? During the day I trade the HR charts only... I prefer trading the London Session... but when I wrote them and asked them to change their hours for my convenience... well.. you know what they said... get off the their planet! Rude people... lol...

44 Training Chart... A/J 1hr... Two easy trades today... Training Chart - A/U 1 hr... One solid trade at 6am When you saw the TDI go flat... you should have bailed out... Learn to trust it's signals...

45 Training Chart - E/J 1hr. - 6am entry... and yes it's ok to enter under the 5ema... Perfect TDI EXAMPLE... When Stoch's does not confirm the TDI direction... stay out and find another trade... Here... TDI down - Stoch's up Dean (1243 Post)... This trade was no big deal and very simple. You know I look for a 10PM set ups... take the trade and go to bed on the 4hr charts...

46 At 10PM I saw this simple bounce trade set up. TDI green was at a 5 o'clock direction so I entered. Checked it again at 2AM my time and went back to sleep. At 6AM the TDI had gone flat... an exit signal. I closed it and that was that. The PA was stopped by the Support on the Left side of PA... Pretty clean cut I thought... Like I trade several time frames... I trade each candle for it's individual merits... so I'm happy to take the profit on each one individually. If I get more than 1 candle I'm happy with it too. I like to shoot for 50 pips a day... I'm not greedy. When I reach it I usually don't take any more live trades that day... I trade full lots and sometimes multiple lots... I'm retired and have sufficient income without any extra from trading the forex. I do it because I enjoy it... My favorites are the 3 Amigos... E/U, G/U and A/U... Trading Times... Take any pair and time frame you like to trade... go thru old charts. Each pair has certain times of the day when the action starts repeatedly... over and over. Write the pair down and the most active trading times that happen over and over. When those times roll around... go monitor those pairs... Simple but it works...

47 TDI flat spots, 5ema flat areas... d4r3d3v1, Post 1400,, PA is poor (flat), TDI angle is bad... You want TDI angle of 12-2 or & 5 is best Congrats to those knocking down pips... So many of the mistakes are just the basic things you need to know before even trading the forex... look at my posted charts and the ones on the old thread starting about page 264 to the end... study my charts there to... at: the Commercial Forum, thread "Craig Harris Stochastics Method." Start at page not earlier... Without confidence in this method you'll never go any where. It's easy... rules are easy for entries & exits... I cut it down so there is no fluff... For the first time in many traders experience they are making $$$$$.. Post your charts and ask questions... read this thread thru a couple of times...

48 Raqu... E/U 4hr. Trouble in Bedrock buddy... Your in a Consolidation Channel... TDI green hasn't crossed red Stoch's is signaling - Don't enter... It's a beautiful set up coming off the one of my favorite... I've seen the green TDI line hit the 68 or 32 and still go another 100 pips... wierd...

49 Favorite... Depends on your money management beliefs and what you have in your account... Personally if I get a good signal on two or three... I trade them all... 1 full lot each... If I'm not feeling well I'd probably only trade one... just my style... I DON'T TRADE THE 4HR DURING THE DAY... PA is to weird after 9-10am Pacific time... We don't use the Yellow line... Only the TDI for signals... Read the thread. Look at this great trade set up - A/U 1hr - Note the TDI just signalled an exit... I dream about trades like these... puts a smile on my face when sleeoing...

50 This looks like a good trade... green under, Stoch's confirming... BUT look at the size of the candles on the PA... don't enter... My 3 trades for the week... trying to average 250 pips a week... trading full lots... all 3 were bounce trades... when you ask why I didn't take a trade at an obvious candle... usually the answer was I wasn't online then or I was sleeping...

51 There are 3 charts on that post! The first 2 I exited because the TDI went flat and on #3 I exited on the pull back... If your in a good strong trade 3-5 candles don't be afraid to re-enter again for even more pips profit... I do that quite often... but make sure everything looks strong and keep an eye out for pull backs... and exits on the TDI...

52 I max my candle size out (+) and then click back 2 times (-)... This chart shows the candles I pass on for trades... If there are small candles and a TDI entry signal... I pass on it and find another set up... Your question: hi eelfranz i know this is a repetitive question i have to ask it again because i feel it's the heart of system i follow topic from first till now but i can not understand when we have to run into trade. when green line cross red in tdi in open of the candle? how do we know that it will be a cross, not a touch? should we wait for second candle? When TDI touches red it could bounce off... you have to wait for the next candle to appear... if green crosses red then that is a TDI Entry signal as long as it's on the first two candles of the reversal. also in this situation we may lost many pips.not if your not in the trade yet... this is very strange for me and can not choose which strategy for entry is the best. There is only 1 method. i want to know how u trade eelfranz. with your experience which one is prfitable more that the other one. open on first candle or wait for confirmation? Wait for the confirmation...always. People have added several rules that aren't my rules I get a little frustrated when people keep adding stuff and then posting it on the forum. I repeatedly ask others to PM others on the thread with the new ideas and not posting them. At least PM me with their ideas... The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry... I don't care what the red TDI line is doing.

53 Did Stoch's confirm the TDI signal between the lines...? The 12-2 and 4-6 is for the TDI and not the 5ema... that would just be a bonus... If you meet the TDI entry rule it doesn't much matter where the 5 ema is in relation to the 1st two candles... All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why... Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES. That's what makes it work! Take a look at this long term chart... Green has barely crossed the red line so a trade could be taken... but use common sense... I'd rather see where the green line is going to go on the next candle before entering... Your Questions: after looking at the training charts again, I see that if the first candle doesn't cross the tdi then stay out? Yes. Usually when the second candle opens you'll see it on the TDI. If green crosses red and all looks good... enter the trade then. Following the rules you don't want to get into the trade halfway through the second candle am I right? See above... you say within the first or second candle.. but since you don't get in halfway and you don't get in on the third. placing a trade after the 2nd closes is against the rules isn't it? Yes - enter on the first two candles... other wise pass... If it's a good trade 90% of the time you get it on the first two candles. A few candles later you may see a bounce entry...

54 If you don't find a solid entry on candles 1 or 2... look for another set up. Look... sometimes you come in and turn the computer on and notice a trade set up on the second candle... if all else looks good enter the trade. My main point is if you can catch it at the beginning of the candle then you have more momentum... Your question: about the re-entry after hitting the 12-15pips S/L: 1. so, if PA goes back in your initial direction, do you re-enter at the SAME price as initial/original price that you've entered before? NO... If it draws back on me that much then I screwed up and didn't do my analysis incorrectly... missed something... at this point I'm usually past candle 2. If I re-enter it will probably be on a bounce trade then you'll do the same (exit trade) if the trade goes 12-15pips against you and re-enter if it goes back to the initial direction, as long as the price is still within 1st or 2nd bar OR just passed due to the choppy move? NO... see above... Think of a clock on the wall... For Longs you want the green line pointing between noon and 2... just the opposite for Shorts... green line pointing between 6 and 4 on the clock before taking a trade... got it? Been explained a couple of times already... Power Thoughts from Perry A~ Phenomenology always comes back to the understanding that people act out of their own choices and once you realize that then you know that others don't make you do anything - it is how you choose to react to the things going on around you that determines your own reality. Understanding that each of us has a different reality is a toughie as people so much want there to be a right way and a wrong way for everything. Humans like to keep score! Mary Virginia Baird-Vivian I hear a lot of grumbling about Sunday trades... I don't trade Sundays because who needs the aggrivation... not me... Honestly folks... I spent over 2 years refining this method... so it would be simple to understand and easy to trade... Just follow the simple entry rules and TDI exit rules... this isn't brain surgery or rocket

55 science. Just follow what I show you... what I tell you... not what others say that's not within the rules. It's simple and many of you are thinking it can't be this simple so you try to add things and complicate it... that will only lead to your minimum performance or failure... When you do that you create stumbling blocks for yourself... Plain and simple... if your not making bunches of pips your not following what I and the other key guys have taught you... Your trade... You entered on a weak TDI green angle... weak 4 o'clock direction... Previous short swings were only 1 or 2 candles going short... Keep an eye on it... Entered this E/U trade last night on the weekly time frame... put the SL at the top of the previous candle... about 150 pips away... won't see the next candle until next week... already in profit... see the nice 5 o'clock green TDI line with Stoch's confirmation...

56 Today's Trade - 1hr chart - Looking left you'll see where PA dropped to previous support... TDI check mark exit... Our friends outside the USA... I believe the London Session is the best sesson to trade... The only reason I trade it on the 4hr charts because that's my normal sleep time. I put my S/L at the previous swing hi or low... so if it swings up and down 30 pips let say... I'm unaware of it because I'm sleeping. If my normal traing hours included the London Session I'd trade it on the 1hr charts. Then I'd trade the first couple of hours on the N.Y session on the 1hr charts too. Then I'd be off the charts until an hour or two before the London Session... Put the odds in your favor for success... It's like looking for the best set ups only... odds in your favor again. Ok Dudes & Dudettes... What's the name of this thread? Ham & green eggs...ummm... Cat climb a tree... hummm... what, what what...! Possibly: Trading Made Simple... Well we know it's for Traders... Made Simple... hummm... and it's made simple so most anyone can understand it and it has very simple rules. I think your biggest problems are understanding BASIC FOREX ISSUES... like am I in Consolidation, how close is the recent Sup/Res levels, Is PA candles small and undecided which way to go.., was it a strong reversal last time or only 1 or two candles... things like this which has nothing to do with our method. Those things are Basic Things every trader has to learn before trading a new method. So when you failed to make a profit because you don't know

57 those things ahead of time... well, it must be a bad method... Not... So I want those who consider themselves having more than 1-3 years experience to point out those important Basics using a chart which is marked up and why those things are important to consider before entering a trade. Just discuss a few things per post... that way you have time to think about what you want to discuss and find a chart for examples... Then keep posting other charts... It will re-inforce it for you and help teach everyone newer on the thread... You guys/gals are making some great trades with lots of success... and I'm proud of you all... Thanks... Big E scoops Yep I know its not perfect, I don't use it for formal backtesting for those reasons. I just use it to skip back and forth through my charts to look at good setups at roughly the beginning of the setup candle. I like to view what these moves looked like at the beginning, the candle size, TDI angle etc. I like to compare how the good setups looked at inception compared with some failed setups. It just burns the characteristics of a good setup candle into your head. And yes there's no replacement for the real thing, live trading the method. But at the weekend, trading sims and other manual methods are the best we've got. Alright all you party animals trying to recover from last night... or longer... Last couple of pages has covered many different topics... well, touched base anyway... 2scoops... on post scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the lines..etc. Burn it into your memory... I spent 2 years doing that... so what does that mean? It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why? Read above... I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too... There is a handful who trade it correctly here who are rewarded nicely... Enter at the beginning of candle # 1 or 2... not at the end.

58 Remember - I only trade the 4hr charts during the London session only. I exit all trades at 6am pacific time... IF I see any good trade set ups during the day I drop to the 1hr charts... I love ya all but your breaking my heart. Didn't you take written notes when you read the thread? I don't trade around news time... Not using a S/L on the 1hr is my choice... do what you feel safe with... I don't refresh my TDI after I enter a trade... I only look for the best set ups and trades.

59 I made $ today (184 pips = $1.00 per pip) on three different contracts on the 4 hour chart using Eelfranz method of tdi plus 5ema shift +2. No big deal. Set your trades and take a nap and quit watching every pip move. Roterio, My take profit is at approximately $ give or take depending on how the market is looking. Also if the tdi green line starts to flatten out on you = 3:00 direction, take profits. Today the eur/usd was really making a move so I held longer because of the volitility in the market. And made a nice little profit. After years of studying forex I think one of the secrets is the 4 hour chart. If I had to specialize on some of forex secrets they would be 1). the tdi indicator. 2). 4 hour time frame. 3). ema 5 shift +2. 4). letting each trade have some room to move around. 5) maybe taking a nap is a good idea... snarlyjack You asked me about that last trade I posted: As I saw the TDI Green make a second attempt to go short I looked to the left on the TDI to where it had gone previously short and I expected it to go about that far... Make sure you look at your TDI guys like it's PA. I Love to take trades from the 68 short or the 32 long... seems like a higher percentage of success. Anyone else notice that... Feel free to use the yellow line on the TDI if it gives you more confidence. I just never have. I'm wanting your success any way I can help you... Big E Remember when your looking at PA... it loves to return to previous hi or lo levels... check out a few charts. Remember to always consider your forex basics when thinking about entering a trade... Does it look week or strong... How close are we to previous hi's or lo's... Are we close to 100 levels...

60 How many candles was the last reversal... Are we in consolidation... Are we dealing with little candles... When is news coming & 4-6 angle? Should take you a split second to determine these things... On the TDI. Wait for the green line to cross the red line before considering an entry. Sometimes the green line will touch the red line and bounce back... that is a possible continuation trade then... There is no rule of waiting for TDI Green to be over 50! When Green CROSSES red and all else looks satisfactory... that is an entry signal. Entries... Enter trades at the BEGINNING of candle #1 or #2... not at the end of the candle... you'll be more succesful... Top of the morning to my dear friends. Can't smell or taste yet but feel better.. Why do I suggest entering at the BEGINNING OF CANDLE 1 OR 2 INSTEAD OF THE END. Go back and look at any 1hr or 4hr chart. HOW MANY CANDLES AVERAGE PER REVERSAL?

61 The sooner you get in the higher your adds... sure you will have a few losses here and there. So what... To All 2scoops is one of the oldest traders for our method. He understands more than most. He works hard to help you all and deserves your respect. When he posts... pay attention. He will help you become successful. I consider him AAA+++. Thank you 2scoops. Beautiful Sample set up... Good Morning all you fabulous traders... I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it? Often shooting for $500-$1,000 PER EVENING. it's NOT UNCOMMON TO FIND 3-6 TRADE SET UPS PER EVENING. Sometimes I would set the TP to 20 pips. 3-6 pairs hitting 20 pips... a few losers maybe... made for a handsome profit. If I put all of my eggs in one basket... it was hit or miss...

62 I trade both ways with success... Proof, proof, proof... come on gang. We got members here making money hand over fist... filling their gold wheelbarrows... Suck it up, follow the simple rules and trade Demo until you build your confidence. Snarlyjack kicks bootie all the time. Once in a while we get kicked in the tail end... so what... that's the forex. If you can't handle the heat stay out of the kitchen... The reason I post Training Charts is so you'll no what to look for... how to recgonize it and where to jump in. For those newbies go to and learn about basic forex principals.. I did years ago. It's worth the time. You can do it... Here it is 4am and everyone is sleepin'... as you should be on saturday morning... PLEASE TAKE THIS TO HEART... IT'S IMPORTANT TO YOUR SUCCESS Study old 4hr charts. LOOK FOR ALL THE TRADES THAT WOULD HAVE BEEN SUCCESSFUL. Now study each one... TDI angle, how close to s/r, 68 coming down or 32 going up, could you get in on candle 1 or 2... This will pay you big time if you do this faithfully. Do it for a year minimum... You will teach yourself what to look for before placing a trade...

63 7595 dcginc My goal in this thread is to attempt to enlighten traders to the reality of professional trading and many of the techniques required for consistency in the market. It just so happens I use this system (TDI) primarily and have been for a while, which is why I was enthused and joined this thread. My other goal is to reinforce what the thread's author has provided. It is my sincere hope that those of you that eventually want to trade for a living begin to completely understand what is required. If you are newer and just want to trade part time, the same model applies. All of us have learned a trade or vocation whereby we can be considered an expert. Whether it be in medicine, engineering, construction, information systems, etc. The point is simply that you have dedicated the time, energy and acquired the education to be a professional and an expert at something. In your field, undoubtedly you had projects or endeavors that have been hugely successful, some average, and some not so great. These undertakings had rules, processes, procedures, etc. that guided you toward your ultimate goal. This same model also applies to trading - some trades are winners some are losers and the same work and education are required to be a professional. The use of empirical data, and using and sticking to a net profitable trading plan are only the beginning. You will come full circle and realize that after all of your trials, tribulations and emotional see-sawing, the truth is... less is more. Only the most basic indicators are necessary for lucrative profits. That is why this trading system is so powerful and has great results. However, the harsh reality of trading is that we have to work most diligently on ourselves. If you read any of my posts, you will find I have done the research, treat trading like the business it is, and take it very seriously. Make no mistake, I play hard as well. It is often said that 95% of traders lose money. It is because they avoid the work required to make money. Furthermore, making pips by being undisciplined is just reinforcing your bad habits. Trading is not for excitement, it is for profit and profit only. Congratulating yourself for a winning trade today is like weighing yourself every 20 minutes on a diet. It is a long term endeavor that requires consistency and focus. So, if you find yourself asking if there is a valid setup, you haven't studied the rules, looked at enough charts, done the back testing required to have confidence in your decisions, and the list goes on. You just keep adding indicators, buying systems and wasting your time. When you finally get to the point where you are tired of losing money, staring at your charts and wondering if you can really do this, start asking yourself... What is on my charts and why? Why do I hesitate? Why do I close trades too soon? How am I calculating my entries, stop and targets? It is very simple. You have either done the work (back testing) or you have not. You are following your trade plan or you are not. There is no gray area! The author of this thread has repeatedly stated "look back at old charts." This is the sign of a profitable trader. He knows that history leaves clues. Most traders are rigid in their expectations and flexible in there rules. We need to be just the opposite, rigid in our rules and flexible in our expectations. (from "Trading in the Zone.") I do not take every trade, but I consistently make money. I only need one signal per day meeting my rule set to live very comfortably. I do not worry about correlated or non-correlated pairs. I do not worry about news. I do not listen to pundits, bloggers, opinions or talking heads. I know that specific times in the market are the most profitable and will add to my edge. I know that when a signal meets the rules of my trading plan, like a robot, I take the trade, set my parameters and leave my charts. This did not happen overnight. This took years of working on myself with the same commitment I needed to become a successful professional in my primary field of business. I was also fortunate to have a couple of mentors that helped me along the way. I appreciate all of you that are enjoying my posts My goal here on this thread is not to simply provide answers, but a method for consistent analysis and trade execution and perhaps share some insight.

64 WHEN TO EXIT OK there appears to be some confusion here... According to the rules you exit when the TDI GREEN LINE goes flat, check mark reversal or hooks over... this is for the conserative trader and works great. However... note the blue box on the TDI below. See how the green line archs like a worm crawling up the red line without crossing red. You could have stayed in the whole trade without exiting until green crossed red finally. vbmark - Question: Do you confirm with other time frames... NO Do I refresh my TDI - NO Could too many people be using this method - NO I trade it simple and stress free... not adding anything else to the rules. Sometimes I add the 100 lines to my chart because they draw PA like a magnet and it makes it easy for me to see where PA is going to go most of the time. I trade the US Open first 2-3 hours on the 1 hr charts and then pretty much don't trade again until 10pm my time (2 hours before the London Open) and then it's on the 4 hr charts. I check any trades at 2am my time (Pacific) and then

65 close all 4 hr trades at 6am my time... and switch to hourly charts again. Some days I don't trade like Sunday or Friday. When you look at the Green TDI line crossing the Red TDI line... Think of the face of a clock... For a Long trade : when green crosses red you want the green line to be pointing up at an angle between 12-2 on that clock face. (If it's pointing between 2-4 just pass on it and look for another. For a short... when green crosses red down you want it to be pointing at a 4-6 angle only Everyone understand? \ Newbie Alert... I've never been a druggie or alcoholic but I want to warn you: THE FOREX IS ONE OF THE STRONGEST DRUGS KNOWN TO MANKIND! Once you get hooked on it you'll be thinking about it when your in church, making love, sitting on the pot, at work all day, during lunch time, during your commutes... it's a rush and you have to see what you've missed, what's new on the thread, how are you gonna hide from your baby the money you just lost... it never stops and picks up speed as each day passes... Enjoy the ride!

66 Hello again traders. I hesitate to comment, but I cannot in good conscience let this phenomenon continue without some rational observations. Here we go again... taking a system called "Trading Made Simple" and complicating it. Adding additional indicators will not add to your profits. Especially one that monitors some 20+ currency pairs. Yes, you may be using it to monitor only the pairs you trade, but by its very nature, you will be distracted by the additional information. It is physically and biologically impossible to ignore all of the additional "noise." Therefore, if it is not helping, it is hurting. It may add a "Wow" factor, but it will not add anything to your account balance. You are perfectly capable to be hugely successful without such sensory overload. Furthermore, in all my years of trading, I do not know one trader that can seriously manage this many pairs whether a genius, professional, institutional or otherwise. Looking at this indicator will leave you in a constant state of doubt and confusion. You will be second guessing very signal given by the TMS system as outlined in this post. This is not in any way disparaging the creator of this tool. His/hers programming skills are quite good. However, it is not necessary or applicable to this system. Again - not here to be negative. Just here to get real. Always cherry pick and look for the steepest angles to trade... WHEN STUDYING OLD CHARTS... Get paper and pencil... write down the pair... now look for good trades and note the times. Soon you'll notice a pattern. Check back at those times on that pair for possible trades...

67 I prefer to trade the 68 down... Training Chart - I always trade this method the way I layed it out... simplicity.

68 Training Chart - Hey Gents, I trade this system exactly like Eelfranz has laid it out!!! Everytime I out think myself and add indicators (other indicators, fib lines, pivots, things that look very pretty as in the guppy system, etc.) I lose money. Every time that I stick with exactly the system as laid out and learn how to trade the system I make lot's of money!!! Learn this system exactly as laid out by Eelfranz and drop all the other stuff and you'll do great. You have to have confidence in yourself and the system. Learn to live and die with this system as laid out on page #1 and you'll be able to retire soon. If you keep fooling with the system who knows when you'll be able to retire (maybe never). So...gents that's the real secret to this system... snarlyjack I am so happy to see so many of you kickin' bootie. Honestly the rules are simple. You should expect winners on an ongoing basis.

69 You have to overcome personal glitches for this method or any other. Use common forex sense... look for possible problems before opening a trade. Check for correct angle, where is s or r, etc. If you need a refresher about basic forex principals go to then come back. BOUNCE TRADES - When green bounces off red... how is greens angle? If it's 12-2 or 4-6 and all else looks good... I'll usually enter. Your all doing a bang up job.. EVERY BODY OUT OF THE POOL! If you want to add indicators... keep it to yourself and please don't post it here. You know the rules... please trade it as layed out. Trade it during the first 1-3hrs of any session on the 1hr chart and 4hr chart during the London open. Study old charts on winning trades. Learn to recgonize them. Watch your angles , 4-6 If your willing to monitor a 4hr chart... you will see how when green crosses red it arcs or wiggles above or below red (see white boxes on the chart). You can stay the trade until it crosses red and pull down pips on the longer runs...

70 So if you wait until it closes to confirm the TDI cross, you'd be entering on the 3rd color change bar. Isn't that breaking the 2nd color change bar rule? If everything else looks strong, I don't wait for the candle to close... I enter ASAP. I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. I'll report the results in a week or so... I'll only enter if the candles are medium length or larger... wish me luck... Good 4h trade... For those not having a MT4 Platform : In place of the TDI -> use the CCI set to 6 and for the level enter a 0.0 line. When the line crosses the 0.0 line you normally have a set up. This info was PM'ed to me...

71 232 and counting - Top of the weekend to you all! Go to any 1 hr/4hr chart, just look at the TDI... now scroll back about 6-12 months. It looks like rolling waves all along the TDI. So why not get in at the top or bottom of the TDI.. You no that price always returns to it's previous levels. If you entered when green crossed the red... and stayed in until it crossed again... I believe you would make more pips than you think is possible...

72 E-U Entry training Chart - Examples Hi Everyone... Hope the week is going well for you all. Any questions? PM me. My favorite plays are 32% up and 68% down on the TDI. You have to check your TDI every time a new candle appears. OFTEN TIMES I'll check the current candle several times during the trade. Just my routine. Do what works for you...

73 SNARLYJACK Hey Big E, Glad your back and feeling much better! I've been trading this system for over 1 year now. Every once in a while I'll try to tweek the system. (for example adding bollinger bands or playing around with the 5 ema shift 2 to something different). After 1 year of playing around with the system I keep coming back to the original system. Why, cause it works like a charm. This system does not need to be tweeked. Every time I tweek the system it is to my detriment. So to everyone who is reading this. This is it, this is the system that you have been looking for. Enjoy it, smile, learn it, go to the bank with it... snarlyjack Just a fast note. I have been reading all of the posts again just to refresh my memory. The way I'am trading now is I only trade with average price bars and the tdi. I've been trying to really learn price movement so I've removed the 5 ema +2 and the stochastics so I have no distractions at all. snarlyjack

74 Hey Guy's, Just wanted to say what really helped me when I first started trading with the TDI is I went to Compass FX and watched alot of their videos. Especially the videos of the "secrets of the TDI" and of all the indicators available to us "why use price channels". These are different than what Eelfranz teaches but very good none the less. The videos in the archived section of Compass FX helped me lift my game up a notch or two. And I highly recommed them to everyone. After watching alot of the videos I finally started to make a profit trading the fx markets. I also just trade one chart, the eu/usd cause of the commission spread and it trends better. I usually trade the 15 minute chart and the 1 hour chart. Mostly I trade the 15 minute chart cause I don't mind watching the charts and I have the time. I trade the us session between 6:30 a.m. and 9:00 a.m. (mountain standard time). The original TDI indicator has been very good to me. Less is more. The TDI is the only indicator that I use. I also have the price channel along with Eelfranz'x 5ema +2 on my charts, along with average price bars. That's it. Nothing more. The less indicators the better. Watch the videos... snarlyjack Digf, I would suggest that you read the "TDI System" then go to Compass Fx and watch Dean Malones videos on how the TDI indicator works. This will help you immensely. But to answer your question my exact chart is posted below. I've traded with the price channel and without it, also I've tried trading with the 5 EMA +2 and without it. I've decided I like it better with both on the chart. Callisto, I have no urge to argue with you about average price bars. Use what you want. I hope I helped you... snarlyjack

75 Sorry about that, let me get the right chart posted. tks snarlyjack Britpip7 is right! Their are 2 approaches (maybe more) to using the tdi indicator. One is the conservative method that Dean Malone teaches and the other is the aggressive method that Eelfranz teaches. Both methods are correct (which is better for you and your trading style)? But the TDI indicator is the king in this system. The better you understand the TDI the better for you! What I did when I was first learning this system is I dropped down to the 5 minute chart and just watched how the TDI moved with the market. Once I got very comfortable with how the TDI moved then I jumped back up to the larger time frames. The bottom line is, the TDI indicator works! And I started making money. You have to develop a trust for the TDI and just let the trades work out. The TDI indicator does need some breathing room and the price will bounce up and down the price bars. Sometimes you have to sit on your hands and just let the trade develop. I hope this helps you... snarlyjack

76 DIGF, I trade the 15 minute and 1 hour charts. I have the time to watch all my trades and I can monitor them more closely. The 1 and 5 minute charts in my opinion are to fast. The 4 hour and daily charts are to slow. For my personality the 15 and 1 hour charts are the best for me. But everyone is different. What works best for you? The TDI system works in all time frames. The set-up is the same, just the speed of the action changes. snarlyjack Digf, The unspoken secret is, never give up!!! Crystalize your goals. Learn the secrets. It takes as long as it takes. (How long is that string)? This is the system that you have been looking for. Learn it and get very good at trading. When it's all said and done it's just you and the market. Put the odds in your favor. Remember that trading is all about probability. Their is no 100%. But you can put the odds in your favor. Learn how to stack the deck in your favor. Watch the movie "Bringing down the house" by the MIT students in Las Vegas. Practice, practice, practice. Learn how to bring down the house... snarlyjack Xman Another tip to the TMS traders is that if you guys do loads of back testing ( which is so so so important to mastering TMS), just notice the synegry candle formation of the first candle at the TDI cross(select bar chart so you will be able to tell the open and close of a candle). i always enter at the opening of the second candle because i want to see how the first candle forms. If you guys master this then you will know whether to enter a trade or not( this will keep you out of many fake outs)and you wont end up entering a trade on just any TDI cross,which will give you those pips 80% of the time. Funwithbux, If you look very closely at the chart (per your question) the green line had not crossed the red line thus it could be a bounce trade. And the average price bars were still green and had not turned red yet. Thus Eelfranz stayed in the trade. Had that trade been mine I might have sold out? I like to trade with the full TDI. So I can see where the blue volitility bands are. Usually when the green price line goes through the blue volitility bands price really starts cranking. Good question by the way! snarlyjack

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